Phillips 66 (PSX) Return on Capital Employed [ROCE] (2012 - 2026)
Phillips 66 (PSX) posted Return on Capital Employed [ROCE] of -190.97% for Q2 2026, up 25.83 percentage points from -216.80% a year earlier and up 14.95 percentage points from the prior quarter.
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Analysis
Phillips 66 (PSX) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025, Phillips 66's Return on Capital Employed [ROCE] came in at -185.06%, up 30.85 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of -52.29 percentage points (FY2020 to FY2025).
- In prior years, Phillips 66's Return on Capital Employed [ROCE] was -215.91% in FY2024 (-18.59 pp), -197.32% in FY2023 (+72.57 pp), -269.89% in FY2022 (-32.94 pp) and -236.95% in FY2021 (-104.18 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of -285.49% in Q2 2022 to a high of -179.75% in Q4 2025 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last five quarters, with an average year-over-year change of +6.84 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q2 2023, with a gain of 90.57 percentage points; the weakest was Q1 2022, with a drop of 132.81 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was -205.92% (Q1 2026), -179.75% (Q4 2025) and -199.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 12.28% |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | -29.93% |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 17.79% |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 39.24% |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 28.17% |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | -190.97% |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 2.07% |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 5.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -190.97% |
| Mar 31, 2026 | -205.92% |
| Dec 31, 2025 | -179.75% |
| Sep 30, 2025 | -199.29% |
| Jun 30, 2025 | -216.80% |
| Mar 31, 2025 | -214.34% |
| Dec 31, 2024 | -216.68% |
| Sep 30, 2024 | -215.81% |
| Jun 30, 2024 | -221.65% |
| Mar 31, 2024 | -211.64% |
| Dec 31, 2023 | -195.13% |
| Sep 30, 2023 | -202.19% |
| Jun 30, 2023 | -194.92% |
| Mar 31, 2023 | -208.08% |
| Dec 31, 2022 | -221.79% |
| Sep 30, 2022 | -249.76% |
| Jun 30, 2022 | -285.49% |
| Mar 31, 2022 | -276.93% |
| Dec 31, 2021 | -232.32% |
| Sep 30, 2021 | -207.85% |
API Access
Phillips 66 Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();